sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« ICAI »
  Exposure Draft of Standard on Internal Audit (SIA), Planning the Internal Audit Assignment (Comments to be received by June 15, 2018)
 Four Weeks Residential Programme to be held from 4th June, 2018 to 1st July, 2018 at Centre of Excellence, Jaipur for Men Participants only.
 Inputs/ Suggestions Invited on Draft Revised Syllabus for the Post Qualification Course on Information Systems Audit formulated by Digital Accounting and Assurance Board of ICAI latest by 31st May, 2018.
 Exposure Draft of Accounting Standard (AS) 109, Financial Instruments (Comments to be received by June 30, 2018)
 Register for Exclusive First Batch of Spanish Language (60 Hours) for ICAI Members and Students at Delhi and Mumbai - 4th June 2018 - Last Date of Enrolment is 21st May 2018
 FAQ on accounting treatment of increase in liability due to enhancement of the gratuity ceiling.
 SAFA accepts recommendation of the ICAI for forming SAFA Women Empowerment Committee and replicating the digital initiatives of ICAI.
 CPE Events 14th May - 19th May 2018
 Four Weeks Residential Programme to be held from 28th May, 2018 to 24th June, 2018 at Centre of Excellence, Hyderabad for Women Participants only.
 Regarding omission of Rule 9 of Chapter X (Audit and Auditors) of the Companies Act 2013 pertaining to Section 147 (5) (Punishment for Contravention) of the Companies Act 2013
 Be an expert on the panel of Women Entrepreneurship Platform (WEP) of NITI Aayog

ICAI: Only peer reviewed firms to audit listed companies
April, 20th 2009

Apex accounting body ICAI on Sunday said all listed companies would be audited by only peer review certified companies for periods starting April 1 this year, and over 1,200 firms have been selected for this review.

It also said the financial statements of companies coming out with IPOs need to be certified by firms which have been issued a certificate from the Peer Review Board.

"From accounting periods commencing on or after April 1, 2009, all listed companies would be audited by only those firms, that have been issued peer review certificate by the Peer Review Board of the Institute of Chartered Accountants of India (ICAI), a release by the apex body said.

Peer review is the evaluation of work or performance by other people in the same field in order to maintain or enhance the quality of the work or performance.

After the multi-crore rupees Satyam scam came to light, SEBI had announced a peer review of Sensex and Nifty firms.

The financial statements of companies coming out with Initial Public Offerings (IPO) should also be certified by the audit firms who have been issued a certificate from the Peer Review Board, the release said.

Around 4,000 firms have already been peer reviewed.

"Further 1,240 firms have been selected for peer review and the process have been initiated. The review of these firms will be completed on fast track," ICAI president Uttam Prakash Aggarwal said, adding that more than 6,000 peer reviewers are there in the country.

The institute in its council's meeting in the past two days also approved the framework for corporate affairs standards which will ensure a fair, transparent and accountable corporate regime in the country, the release said.

Meanwhile, the institute launched the first national webcast on Friday to reach out to its members and students at large globally.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions